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Updated almost 9 years ago,

User Stats

22
Posts
34
Votes
Keith N.
Pro Member
  • Investor
  • Ottawa, IL
34
Votes |
22
Posts

For a Solo(k), is rental income equal to self-employment Income?

Keith N.
Pro Member
  • Investor
  • Ottawa, IL
Posted

I apologize if this has already been answered.  I tried searching for the answer to my question, but was unable to find it.

I just finished reading the BP book on tax strategies and am interested in setting up a solo 401(k).  One of the requirements is that there must be self-employment income.  I don't sell, flip, wholesale, or have any other income that would be schedule C.  I have 17 units that generate rental income.  I know that rental income isn't subject to self-employment taxes, but is it considered self-employment income for purposes of funding a solo(k)?  I appreciate your help.

  • Keith N.
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